social networking site

HOUSTON — The Texas Court of Criminal Appeals ruled Wednesday an accused killer’s MySpace pages were properly used as evidence by prosecutors to help convince a jury to convict the Dallas-area street gang member of murder.

Ronnie Tienda Jr. appealed his conviction and 35-year prison term for the slaying of 23-year-old David Valadez in a 2007 shootout on a Dallas freeway.

The Austin Independent School District Gang Intervention Unit is investigating student involvement in a teen’s assault that reportedly occurred at a Pflugerville home.

The gang unit is investigating the incident after discovering video of the assault which was posted on a social networking site.

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The social networking site sold shares to the public last week and reached a market value of nearly $9 billion.

The last time the market showed that kind of enthusiasm was more than a decade ago, when investors poured big money into almost any new business plan with a dot-com in its name.

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Twitter is close to getting as much as $100 million of new capital from a group of investors. The Wall Street Journal reports the new capital will come from mutual fund giant T.

Rowe Price, private equity firm Insight Venture Partners and five other investors. The funding will value the fast-growing social networking site at about $1 billion.

Social-networking site, which rewards users for various actions--including clicking on ads--with virtual currency that can be used to buy actual goods, makes its beta leap.